14,131 Shares in PayPal Holdings, Inc. $PYPL Bought by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd bought a new position in shares of PayPal Holdings, Inc. (NASDAQ:PYPLFree Report) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 14,131 shares of the credit services provider’s stock, valued at approximately $948,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Hilltop National Bank acquired a new position in shares of PayPal in the second quarter worth approximately $27,000. MUFG Securities EMEA plc raised its holdings in PayPal by 100.4% during the 2nd quarter. MUFG Securities EMEA plc now owns 385 shares of the credit services provider’s stock worth $29,000 after purchasing an additional 87,524 shares during the last quarter. VSM Wealth Advisory LLC acquired a new position in shares of PayPal in the 2nd quarter worth approximately $36,000. Total Investment Management Inc. bought a new stake in shares of PayPal in the 2nd quarter valued at $38,000. Finally, True Wealth Design LLC increased its position in shares of PayPal by 285.3% during the third quarter. True Wealth Design LLC now owns 524 shares of the credit services provider’s stock worth $35,000 after buying an additional 388 shares during the period. 68.32% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, EVP Aaron Webster sold 9,282 shares of the stock in a transaction dated Monday, November 10th. The shares were sold at an average price of $66.29, for a total value of $615,303.78. Following the completion of the sale, the executive vice president owned 35,699 shares in the company, valued at $2,366,486.71. This represents a 20.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Suzan Kereere sold 4,162 shares of the firm’s stock in a transaction dated Wednesday, November 19th. The shares were sold at an average price of $59.84, for a total transaction of $249,054.08. Following the transaction, the insider directly owned 30,983 shares in the company, valued at $1,854,022.72. The trade was a 11.84% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.08% of the company’s stock.

Key Stories Impacting PayPal

Here are the key news stories impacting PayPal this week:

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on PYPL shares. President Capital dropped their target price on shares of PayPal from $91.00 to $80.00 and set a “buy” rating on the stock in a report on Tuesday, November 25th. Rothschild & Co Redburn downgraded PayPal from a “neutral” rating to a “sell” rating and set a $50.00 price objective on the stock. in a research note on Wednesday, January 28th. TD Cowen decreased their target price on PayPal from $80.00 to $65.00 and set a “hold” rating for the company in a research note on Monday, January 12th. Mizuho dropped their price target on PayPal from $84.00 to $75.00 and set an “outperform” rating on the stock in a research note on Monday, December 22nd. Finally, Stephens set a $65.00 price target on PayPal in a report on Friday, January 16th. Twelve research analysts have rated the stock with a Buy rating, twenty-four have assigned a Hold rating and six have given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $73.10.

Read Our Latest Report on PYPL

PayPal Stock Performance

Shares of PayPal stock opened at $52.69 on Monday. PayPal Holdings, Inc. has a 52 week low of $52.06 and a 52 week high of $90.40. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.56. The business has a 50 day moving average price of $59.03 and a 200-day moving average price of $65.40. The company has a market cap of $49.30 billion, a PE ratio of 10.56, a price-to-earnings-growth ratio of 0.66 and a beta of 1.43.

About PayPal

(Free Report)

PayPal Holdings, Inc operates a global digital payments platform that enables consumers and merchants to send and receive payments online, on mobile devices and at the point of sale. The company provides a broad set of payment solutions, including a digital wallet, merchant payment processing, checkout services, invoicing and fraud-management tools. PayPal’s platform is designed to support e-commerce, in-person retail and person-to-person transfers, targeting both individual consumers and businesses of varying sizes.

Key products and services in PayPal’s portfolio include the PayPal wallet and checkout ecosystem, the Venmo peer-to-peer mobile app, Braintree’s developer-focused payment gateway, Xoom for international money transfers, and PayPal Credit and buy-now-pay-later options.

See Also

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Institutional Ownership by Quarter for PayPal (NASDAQ:PYPL)

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